How to Apply for Startup Chile

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  • 1. HOW TO APPLY FOR STARTUPCHILE by someone who has been accepted twiceFriday 14 December 12
  • 2. WHERE IS CHILE? You know you want me to tell youFriday 14 December 12
  • 3. WHERE IS CHILE? GMT - 5 Dry, warm climate (Santiago) Spanish is the official language 25% more expensive than Cape TownFriday 14 December 12
  • 4. Friday 14 December 12
  • 5. Barnardo O’HigginsFriday 14 December 12
  • 6. Barnardo O’Higgins Salvador AllendeFriday 14 December 12
  • 7. Barnardo O’Higgins Salvador Allende Augusto PinochetFriday 14 December 12
  • 8. Barnardo O’Higgins Salvador Allende Augusto Pinochet Sebastián PiñeraFriday 14 December 12
  • 9. THE BIG IDEAFriday 14 December 12
  • 10. WHAT DO YOU GET? • US$40,000 to spend on your company •A 1 year work visa • ‘Soft landing’ • Bilingual program office • Office spaceFriday 14 December 12
  • 11. WHAT IS EXPECTED IN RETURN? • Spend 6 months in Chile • Contribute to local entrepreneurship • Run meet-ups / attend events / mentor or hire local staff • Keep accurate spending records • Takes about 1.5 days per monthFriday 14 December 12
  • 12. Friday 14 December 12
  • 13. STARTUPCHILE SO FAR • 550+ teams accepted since late 2010 • 1,000+ entrepreneurs • ~US$22.5 awarded • Closes in 2014 (maybe) • +could end at any time!Friday 14 December 12
  • 14. WHO HAS BEEN ACCEPTED? Scaling Sales Beta Scaling Ops Prototyping Idea 8% 10% 22% 42% 18%Friday 14 December 12
  • 15. WHO HAS BEEN ACCEPTED? • Social Media • E-Commerce • Education • IT + Enterprise • TravelFriday 14 December 12
  • 16. JUDGING CRITERIA • Applicant (33%) • Network (33%) • Project (17%) • Market (17%)Friday 14 December 12
  • 17. THE APPLICANT • Have they done something impressive in their career? • Have they experience leading a company? • Do they have global ambition? • Strong recommendation letters?Friday 14 December 12
  • 18. NETWORK • How well connected are they? • How could their team impact the Chilean eco- system? • How well articulated is their plan? • JUST AFTER THE $$?Friday 14 December 12
  • 19. THE PROJECT • Have they a creative + interesting pitch? • Does it threaten to disrupt a market? • Is it attractive and feasible? • Does the team have access to intellectual property / technology?Friday 14 December 12
  • 20. MARKET • Market size? Can they achieve leadership? • Do they know who they are targeting? • Do they understand their present / future competition? • Competitive Advantage?Friday 14 December 12
  • 21. THE PROCESS 1,500 1,125 750 375 Applicants 0 Judging Shortlist SelectedFriday 14 December 12
  • 22. VIDEO MISTAKES • Not showing the founder team in person • Not doing your own voice over / commentary • Low production values • Spending < than a day on the videoFriday 14 December 12
  • 23. NATE LUSTIG • nathanlustig.comFriday 14 December 12
  • 24. STARTUPCHILE.ORG/APPLY • Round 7: March 4th, 2013, • closed: April 2rd, 2013. • Round 8: June 10th, 2013, closed: July 9th, 2013 • Round 9: September 9th, 2013, closed: October 8th, 2013Friday 14 December 12
  • 25. LET’S TALK • james@jameskennedy.ie • @jameskennedy • In Cape Town till the 17thFriday 14 December 12